New Liz Taylor Barbie doll released

Los Angeles - Elizabeth Taylor has a new Barbie doll dedicated to her.

Toy giant Mattel have honoured the late actress and her charity by creating a unique new doll, which comes with her signature black hair and a glamorous white dress and is named White Diamonds after Elizabeth's best-selling perfume.

A red satin ribbon can be seen pinned onto the dress, representing Elizabeth's dedication to helping those living with HIV/Aids, and the Barbie comes with accessories such as gold jewellery, white sunglasses and a miniature replica bottle of her famous fragrance.

Highest-paid dead celebrity

The Elizabeth Taylor White Diamonds Barbie doll is available on BarbieCollector.com for $150.

The doll is not the first to be modelled on the late actress, as one has already been produced capturing the look from her hit film Cleopatra and another in a semi-sheer sleeveless chiffon violet gown, with a real Swarovski crystal necklace.

Taylor, who died in March 2011 from congestive heart failure, was recently named the highest-paid dead celebrity by Forbes and is said to have earned a staggering $210m last year alone from the auctioning of her jewellery, costumes and artwork.

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